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Senior Analyst, Strategic Underwriting

ABOUT THE ROLE:

We’re looking for a Senior Analyst to join the Underwriting team. This individual will be responsible for executing Rightway’s underwriting operations for strategic bids ensuring the timely submission of competitive and high-quality RFP responses.

WHAT YOU’LL DO:

  • Execute financial models to support the underwriting process for strategic bids and interpret the results of the models to identify key factors driving those results.
  • Present underwriting results to internal stakeholders and implement feedback to create optimal financial offers.
  • Perform detailed pharmacy claims analysis to identify and remedy variances in financial performance by recommending adjustments to pricing schedules.
  • Conduct studies on novel pricing phenomena and industry trends to support market-leading innovative pricing strategies.
  • Evaluate department processes, identify opportunities for improved outcomes or efficiencies, and implement planned improvements.
  • Run quality control processes to ensure the quality and accuracy of analyses.
  • Other duties as assigned.

WHO YOU ARE:

  • Education level: Bachelor's degree in Finance, Mathematics, Economics or other related discipline.
  • Work experience: 1+ years in the PBM industry with a focus on underwriting and pricing.
  • Location information: Remote.
  • Specific skills needed for job: experience with SQL & Microsoft Office. Working experience with Tableau, Python, R, or SAS.

BASE SALARY: $100,000 - $120,000

CYBERSECURITY AWARENESS NOTICE

In response to ongoing and industry-wide fraudulent recruitment activities (i.e., job scams), Rightway wants to inform potential candidates that we will only contact them from the @rightwayhealthcare.com email domain. We will never ask for bank details or deposits of any kind as a condition of employment. 

ABOUT RIGHTWAY:

Rightway is on a mission to harmonize healthcare for everyone, everywhere. Our products guide patients to the best care and medications by inserting clinicians and pharmacists into a patient’s care journey through a modern, mobile app. Rightway is a front door to healthcare, giving patients the tools they need along with on-demand access to Rightway health guides, human experts that answer their questions and manage the frustrating parts of healthcare for them.

Since its founding in 2017, Rightway has raised over $205mm from investors including Khosla Ventures, Thrive Capital, and Tiger Global. We’re headquartered in New York City, with a satellite office in Denver. Our clients rely on us to transform the healthcare experience, improve outcomes for their teams, and decrease their healthcare costs.

HOW WE LIVE OUR VALUES TO OUR TEAMMATES:

We’re seeking those with passion for healthcare and relentless devotion to our goal. We need team members that embody our following core values:

1) We are human, first
Our humanity binds us together. We bring the same empathetic approach to every individual we engage with, whether it be our members, our clients, or each other. We are all worthy of respect and understanding and we engage in our interactions with care and intention. We honor our stories. We listen to—and hear—each other, we celebrate our differences and similarities, we are present for each other, and we strive for mutual understanding.

2) We redefine what is possible
We always look beyond the obstacles in front of us to imagine new solutions. We approach our work with inspiration from other industries, other leaders, and other challenges. We use ingenuity and resourcefulness when faced with tough problems.

3) We debate then commit
We believe that a spirit of open discourse is part of a healthy culture. We understand and appreciate different perspectives and we challenge our assumptions. When working toward a decision or a new solution, we actively listen to one another, approach it with a “yes, and” mentality, and assume positive intent. Once a decision is made, we align and champion it as one team.

4) We cultivate grit
Changing healthcare doesn’t happen overnight. We reflect and learn from challenges and approach the future with a determination to strive for better. In the face of daunting situations, we value persistence. We embrace failure as a stepping stone to future success. On this journey, we seek to act with guts, resilience, initiative, and tenacity.

5) We seek to delight
Healthcare is complicated and personal. We work tirelessly to meet the goals of our clients while also delivering the best experience to our members. We recognize that no matter the role or team, we each play a crucial part in our members’ care and take that responsibility seriously. When faced with an obstacle, we are kind, respectful, and solution-oriented in our approach. We hold ourselves accountable to our clients and our members’ success.

Rightway is Proudly an Equal Opportunity Employer that believes in strength in the diversity of thought processes, beliefs, background and education and fosters an inclusive culture where differences are celebrated to drive the best business decisions possible. We do not discriminate on any basis covered by appropriate law. All employment is decided on the consideration of merit, qualifications, need and performance.

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What You Should Know About Senior Analyst, Strategic Underwriting, Rightway

Are you ready to take on a challenge and make a significant impact in the healthcare sector? Rightway is looking for a Senior Analyst, Strategic Underwriting to join our dynamic Underwriting team. In this remote position, you’ll be pivotal in executing our underwriting operations for strategic bids. Your mission will be to ensure timely submission of competitive, high-quality RFP responses while employing your analytical flair. Day-to-day, you'll dive into financial models, helping to interpret results that highlight key drivers of success. If you're skilled at communicating insights and implementing stakeholder feedback, this role might be your perfect fit. You'll also conduct in-depth pharmacy claims analysis to pinpoint financial variances, enabling you to recommend effective adjustments to pricing schedules. Innovation is key at Rightway, so your enthusiasm for studying market trends and novel pricing phenomena will be essential. With a Bachelor's degree in Finance, Mathematics, Economics, or a related field and at least a year of experience in the PBM industry focused on underwriting and pricing, you'll thrive in this role—especially if you’re savvy with SQL and Microsoft Office, and ideally have experience with Tableau, Python, R, or SAS. The salary range is competitive, between $100,000 and $120,000, and you'll be joining a team dedicated to harmonizing healthcare for everyone, everywhere. Come help us redefine what's possible in healthcare!

Frequently Asked Questions (FAQs) for Senior Analyst, Strategic Underwriting Role at Rightway
What are the responsibilities of a Senior Analyst, Strategic Underwriting at Rightway?

As a Senior Analyst, Strategic Underwriting at Rightway, you will execute financial models, present insights to stakeholders, and conduct detailed claims analysis to enhance financial performance. Your role involves identifying efficiencies within processes and performing quality control for analysis accuracy. By connecting the dots between data and decision-making, you help create optimal financial offers.

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What qualifications do I need for the Senior Analyst, Strategic Underwriting position at Rightway?

To qualify for the Senior Analyst, Strategic Underwriting position at Rightway, you should hold a Bachelor's degree in Finance, Mathematics, Economics, or a related field. Ideally, you’ll have over a year of experience in the PBM industry focusing on underwriting and pricing. Skills in SQL and Microsoft Office are essential, while familiarity with Tableau, Python, R, or SAS is a plus.

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How does the Senior Analyst, Strategic Underwriting contribute to Rightway's mission?

The Senior Analyst, Strategic Underwriting plays a critical role in fulfilling Rightway's mission by leveraging data and analysis to create competitive pricing strategies that align with client needs. This ensures that our healthcare services are both cost-effective and efficient, ultimately enhancing the overall experience for our clients and members.

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What is the work environment like for the Senior Analyst, Strategic Underwriting at Rightway?

At Rightway, the work environment for the Senior Analyst, Strategic Underwriting is collaborative and remote, fostering a team spirit regardless of physical location. The company values open discourse and encourages each team member to bring their unique perspectives, leading to innovative solutions in the healthcare space.

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What skills are essential for a successful Senior Analyst, Strategic Underwriting at Rightway?

Key skills for success as a Senior Analyst, Strategic Underwriting at Rightway include strong analytical abilities, experience with financial modeling, proficiency in SQL and Microsoft Office, and excellent communication skills. Additionally, familiarity with data visualization tools like Tableau and programming languages such as Python, R, or SAS can provide you with an edge in this exciting role.

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Common Interview Questions for Senior Analyst, Strategic Underwriting
Can you explain your experience with financial modeling in underwriting?

When answering this question, focus on specific experience with financial modeling, mentioning the types of models you’ve built and the impact they had on strategic underwriting decisions. Use examples to demonstrate your analytical skills and ability to interpret model results for decision-making.

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How do you handle feedback from stakeholders during the underwriting process?

Describe a situation where you received feedback, how you processed it, and the steps you took to implement changes. Highlight your ability to listen actively and your willingness to adapt for improved outcomes, reinforcing your commitment to collaboration and team success.

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What steps do you take to ensure the accuracy of your analyses?

Discuss your methods of quality control, including how you verify data integrity and ensure accuracy in your analyses. Share examples where your thoroughness has led to successful outcomes, showcasing your attention to detail and commitment to quality work.

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How do you stay updated on industry trends affecting pricing strategies?

Mention specific resources you utilize to stay informed about industry trends, such as research reports, webinars, or networks within the PBM industry. Emphasize your proactive approach to learning and how this knowledge informs your underwriting strategies.

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Describe your experience with SQL and data analysis tools.

Be specific about the projects you've worked on using SQL and how you utilized it for data analysis. Include the types of datasets you worked with, insights you derived, and how they contributed to underwriting decisions.

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What is your approach to conducting pharmacy claims analysis?

Explain your analytical approach, detailing the methodologies you use to identify variances in financial performance. Share past experiences where your analysis led to actionable recommendations and successful pricing adjustments.

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Can you give an example of a successful project where you defined new pricing strategies?

Share a concrete example where you leveraged data analysis and market trends to develop innovative pricing strategies. Mention the steps you took, the outcome of the project, and any key learnings that may apply in the Senior Analyst role.

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How do you prioritize your tasks in a fast-paced environment?

Discuss your strategies for prioritization, such as setting goals, using project management tools, or maintaining communication with your team. Share an example highlighting your organizational skills and how you meet deadlines without compromising quality.

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What experience do you have with using Tableau or similar data visualization tools?

If applicable, describe your experience using Tableau in data analysis and how you’ve created visual reports to communicate complex findings. Touch on how effective data visualization can drive strategic decision-making.

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How do you foster open communication within your team?

Highlight your belief in the importance of open communication and how you encourage feedback within your team. Share strategies you use to create an inclusive environment that values diverse perspectives, driving collaboration and innovation.

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Rightway is the leader in driving healthcare value for everyone, worldwide. With Rightway, you get better care and happier people at a lower cost.

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Full-time, remote
DATE POSTED
January 10, 2025

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